16-10-2024, 12:39 PM
Unlike the recession in 2008, This time, China suffers same as Japan in 1990s when they had a liquidity trap and pple not spending. Then Japan set aside 140 Trillion yen of fiscal stimulus but they spent only 40 Trillion yen at the end Reason may b they found stimulus did not work in their case. Will China make it work this time?
![[Image: IMG-6245.jpg]](https://i.ibb.co/rk54WTM/IMG-6245.jpg)
Trading Economics: In China, employed persons refer to who performed some work for one hour during the reference period.